Credit and Debt

Credit and Debt

9th - 10th Grade

10 Qs

quiz-placeholder

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Credit and Debt

Credit and Debt

Assessment

Quiz

Business

9th - 10th Grade

Practice Problem

Hard

Created by

Merjournie Muskin

Used 6K+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is debt?

Money that is spent

Money that is owed because of borrowing

Money that you lend to others

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit means you ________now and ________ it back later.

Borrow, Pay

Pay, Borrow

Pay, Pay

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Card is a type of what?

bond

Loan

savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Types of credit include: Credit card, Installments, Mortgage and

debit card

rewards card

Student Loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What fee is associated with a car loan

Annual Percentage Rate (APR)

Introductory

Emotional

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all that is a form of Good Debt

Mortgage

Credit Card

Student loan

Macy's Credit card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best way to manage credit and debt?

use rewards

spend now worry later

Make big purchases

set goals and budget

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